Real Estate Investing in Billings, Oklahoma

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

1 ZIP codes • Population: 822 • Noble County

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Should you buy in Billings, OK? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (66/100)

Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.

📈 For Investors
STRONG
4.0 / 5 (86/100)

A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.

⚠️ Risks to Know
3 flags
  • High vacancy: 22.6% of homes vacant — above national norms.
  • Flat appreciation: Values have barely moved over 5 years (1.3% CAGR).
  • Lower household income: $38,068 median — tenant affordability is tighter.

What’s happening in Billings, OK?

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4.0/ 5

Investability

Citywide average

1.0/ 5

Appreciation

1.3% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $69,318
Avg Monthly Rent $846
ZIP Codes 1

Investing in Billings Real Estate

Billings holds about a sizable population across 1 ZIPs, and its value-add reputation in Oklahoma rests on a wide spread between distressed and stabilized comps.

Billings is a forced-appreciation market. The thesis isn't that prices rise on their own — it's that an investor with capex and a contractor can create value the broader market will pay for.

Rents in Billings at $846/mo are constrained by product quality more than demand, which is why renovated units routinely command premiums that broader medians miss.

Billings houses a sizable population with a median income of $N/AK, and that income profile is what enables the after-renovation rent premiums value-add investors target.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Best ZIP codes in Enid, OK

Billings is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

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Avg Home Value
$69,318
Avg Monthly Rent
$846
1% Rule
✓ Passes
Landlord Friendly (OK)

📉 Market Crash Risk Index

Based on Enid, OK metro

2/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
2/3
62%
Days Pending
0/2
0 days

View all metro crash risk rankings →

☀️ Warm Market — Enid, OK metro
0
Days to pending
10.2%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

ZIP Codes in Billings, OK

Screen every ZIP in Billings

Filter Billings’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Billings, OK

Is Billings, OK good for house hacking?

Billings, OK offers an attractive house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $846/mo rent level.

What strategy should investors use in Billings, OK?

In Billings, OK the durable play is typically value-add and BRRRR deals. The combination of $69K prices and $846/mo rents suits that approach.

How strong is Billings, OK for real estate investors?

Investors tracking Billings, OK will find a 4.0/5 rating supported by $69K median home values and $846/mo rents. That profile suits long-term holders targeting even-keeled returns.

Does buy-rehab-rent-refinance work in Billings, OK?

Billings, OK is a strong for BRRRR. Acquiring below market, rehabbing, and leasing at $846/mo produces solid refinance appraisals against $69K values.

What is the median home value in Billings, OK?

Billings, OK median home values land near $69K. That is reasonable territory for investors looking at $846/mo-per-month rentals.

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